Libor: what did we learn from Barclays v Guardian Care Homes?

http://lnkd.in/dTGBQqF “This almost certainly had to do with the precedent that would have been set had Hartland won and established in law that a claimant could have a derivative contract with the bank ripped up in the event it could prove the rate on which the contract was based had been tampered with by the institution that had sold it the product.” That such a statement has to be made shows how far the industry still has to go on “Culture”.